econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



08Oct2015 Market Close: Markets Close Higher, DOW Up 138 Points, Feds Uncertain On Global Economy

Written by Gary

U.S. markets rose after minutes from last month's Federal Reserve meeting suggested the central bank is looking for additional inflation before increasing interest rates. Volume remained moderate to light as many investors are weighing the odds of the markets advancing or declining. Short-term indicators are strongly bullish at the close, but most averages remain at or just below major resistance levels.

Todays S&P 500 Chart

U.S. oil futures rose Thursday, briefly topping $50 a barrel for the first time since July, as traders looked past immediate high supplies and focused on expectations of shrinking U.S. production. The Fed Minutes show that while the Fed saw key economic data as reaching market expectations, uncertainty on the global economy weighs on the Fed. Fed's Williams repeats he sees Fed liftoff warranted later in 2015.

The Market in Perspective

Here are the headlines moving the markets.

Fed awaiting evidence global chill not knocking U.S. off track: minutes

WASHINGTON (Reuters) - The U.S. Federal Reserve thought the economy was close to warranting an interest rate hike in September but policymakers decided it was prudent to wait for evidence a global economic slowdown was not knocking America off course.

Oil surges to settle at three-month high on bullish outlook

NEW YORK (Reuters) - Oil prices climbed to their highest in three months on Thursday after a closely watched oil forecaster predicted prices would climb to $75 over the next two years, adding to early gains notched after a rally in Chinese stocks worries about Syria.

S&P rises slightly after Fed minutes released

(Reuters) - The S&P 500 and Dow indexes gained slightly and Nasdaq pared losses on Thursday after the Federal Reserve released minutes from its September meeting at which the U.S. central bank decided against raising interest rates for now.

Air France union meeting to discuss strike planned for Tuesday: official

PARIS (Reuters) - A union at Air France has called for a meeting with other unions at the airline on Tuesday to decide whether to go ahead with strike plans, its head Miguel Fortea told Reuters on Thursday.

The Dow Is Up 1000 Points From Post-Payrolls Lows

Because the worst jobs data in years is reason to BTFD at a record pace... what a farce...

Charts: Bloomberg

Fed's Rate Delay Spurred by Worry Over Low Inflation

Federal Reserve officials held off on raising short-term rates at their September meeting because of worries about when inflation would rise to 2% after running below that target for more than three years.

Stocks Climb as Fed Remains Uneasy on Inflation

U.S. stocks rose after notes from last month’s Federal Reserve meeting suggested the central bank is looking for additional inflation before increasing interest rates.

U.S. Oil Prices Briefly Top $50

U.S. oil futures rose Thursday, briefly topping $50 a barrel for the first time since July, as traders looked past immediate high supplies and focused on expectations of shrinking U.S. production.

17 September 2015 FOMC Meeting Minutes: The Deer In the Headlights - When To Raise the Federal Funds Rate.

Fed-sealSMALLThe 17 September 2015 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members (minutes were released today). There was a significant amount of discussion when to raise the federal funds rate: The quote of these minutes was:

... most participants continued to anticipate that, based on their assessment of current economic conditions and their outlook for economic activity, the labor market, and inflation, the conditions for policy firming had been met or would likely be met by the end of the year. However, some participants judged that the downside risks to the outlook for economic growth and inflation had increased .....

The last few paragraphs below discuss in detail the "deer in the headlights" situation of when to begin to raise the federal funds rate.

Emerging Markets Report: Goldman cuts target for volatile Chinese stocks

Goldman Sachs on Thursday cut its year-end target for Chinese stocks but projected the market to stabilize from its recent roller coaster ride.

Market Snapshot: Dow industrials climb after Fed minutes

The Dow industrials climb in late afternoon trade on Thursday, as investors reacted to the release of minutes from the Federal Reserve’s most recent policy-setting meeting.

Summary of Economic Releases this Week

Real Time Economic Calendar provided by Investing.com.

Earnings Summary for Today

Earnings Calendar provided by Investing.com.

leading Stock Positions

Leading Stock Quotes powered by Investing.com

Current Commodity Prices


Commodities are powered by Investing.com

Current Currency Crosses

The Forex Quotes are powered by Investing.com.



To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

Click here for Historical Releases Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Live Market

search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Joan Robinson’s Critique of Marginal Utility Theory
The Truth About Trade Agreements - and Why We Need Them
News Blog
What We Read Today 08 December 2016
Five Mysterious Space Diseases That Could Kill Astronauts Before They Get To Mars
03 December 2016 Initial Unemployment Claims Rolling Average Insignificantly Worsens
November 2016 CBO Monthly Budget Review: Down by 3 Percent in the First Two Months of Fiscal Year 2017
Putting Grassroots Terrorism In The Proper Perspective
Crude Oil Prices: "Random"? Hardly. The More Emotional The Market, The More Predictable It Is.
Infographic Of The Day: Job-Hopping
Early Headlines: Asia Stocks Up, Oil Firms, Russia's Big Oil Deal, Trump Will Stay In Business, Trump Menaces Drug Cos, Banks Rig Silver, Italy's 360B NPL, Iraq Has Oil Cut Problem, China Trade Improves And More
Goals Come With A Hefty Price Tag At The Emirates
Facebook Strongest On Home Ground
Defence Budgets Are Surging In The Baltic States
It's Been A Turbulent Start, But Juno Is Now Delivering Spectacular Insights Into Jupiter
The World's Most Reputable Cities
Investing Blog
Trumpsternomics And Economic Growth
The Real 401k Plan Manager 07 May 2016
Opinion Blog
Italy Confronts The European Elite
The US Government Needs To Spend More
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
08Dec2016 Market Close: Wall Street Closes Higher, But Not Without Pause For Indicators That Spell CAUTION In Capital Letters
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved